Bitcoin’s six-month put-call skew, which measures the cost of puts – or bearish bets – relative to calls (bullish bets), has turned positive for the first time since the crash in May, indicating heightened concerns of an extended downside move. Source link … [Read more...] about Bitcoin’s 6-Month ‘Put-Call Skew’ Flips Bearish for First Time Since May
MicroStrategy said it bought 7,002 bitcoin for about $414 million in cash during its fiscal fourth quarter.The company bought bitcoins during the quarter for an average price of about $59,000, it said in a statement.The largest crypto currency by market capitalization was around $57,326 on Monday. MicroStrategy now holds 121,044 bitcoins for an average purchase price of … [Read more...] about MicroStrategy Bought About 7K Bitcoins in Fiscal Fourth Quarter for $414M
The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.“El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear. Bitcoin … [Read more...] about El Salvador Buys 100 More Bitcoins as Crypto Market Falls
On Nov. 14, the highly anticipated Bitcoin upgrade Taproot was activated on block 709,632 with the aim of kindling a DeFi and dApp ecosystem around the decentralized currency, giving it a more Ethereum-like functionality.But while Taproot received almost universal support from the Bitcoin community—unlike the divisive 2017 SegWit upgrade—it has not resulted in any significant … [Read more...] about Will Bitcoin’s Taproot upgrade cause a “DeFi rain”?
Bitcoin’s latest sideways movement caused a stir in the crypto market, with traders pointing fingers to a variety of different factors as the main catalysts for the slump.However, digging a little deeper shows that most of the usual suspects had little chance of causing BTC’s drop to $55,000. Instead, analysts believe that the world’s largest cryptocurrency is just taking a … [Read more...] about Bitcoin’s latest slump is just a ‘natural breather,’ Genesis strategist says